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Nigeria's central bank sells dollars to lift naira off all-time low - traders

Nigeria's central bank intervened on the interbank foreign exchange market on Tuesday to help support the naira after it hit an all-time low of 350 to the dollar in thin volume, traders said. The naira has been under pressure since the central bank floated the currency in June to allow it trade freely on the interbank market. The currency has been hit by a plunge in oil prices, Nigeria's ...
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Added August 09, 2016
from Yahoo Nigerian News